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and president obama doesn't want to recognize that that problem exists. >> when you say no one is talking about defaulting on the debt, does that also include letting the debt ceiling lapse? >> well, you know, larry, what we're once again up on the debt ceiling. we have been here before, a year and half ago we were having this debate again. i supported a plan cut cap and balance that would have focused on solving the problem. but clearly we haven't sold the problem and credit card is maxed out again and president obama wants to get that money from china and send the bill to the kids. so any deal to solve this latest crisis ought to include a solution to their actual problem that got us here. >> is john boehner's role still in place? one for one for every dollar of debt increase there should be a dollar of spending reduction? >> i think you need a start with that. then you've got to actually put real programs in place that solve this problem long term. because look, if we don't solve this problem coming up in the next few weeks, we're going to be back here in another few months because president
and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's not going to do it. the story here, two issues. one, we are going to see slower growth because we have lower population growth and that's because people didn't have kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised inte
entitlements. >> that is the big question. will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have leverage. you have talked about them already on this show. one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move the last minute further ou
's just have this conversation without hurling political accusations, you know. i usually oppose mr. obama's economic policies. on this one he laid them out. let's have a talk about it. if we can come up with something better fine. anyway thank you ben, thank you la smp lars, thank you nan. >> the faa just announced grounding the 787 boeing dreamliner until further notice. how crushing is this for boeing. the big airlines themselves, phil lebeau has a live report for us in just a moment and later in the show the debt battle seems to be tearing conservatives apart. once between i say do not play chicken with the debt ceiling and risk a default. by free market coke brothers agree. a new team of conservatives seems to be ignoring that advice and i think they are wrong but we'll debate it and don't forget, folks, free market capitalism is still the best path to prosperity. this is still the greatest country in the world. let us figure out our problems and we'll continue to greatness. i'm kudlow. we'll be right back. officeyour business needs...k... at prices that keep you...out of the red. thi
again with his opposition to obama care. he's about to join us next. malu turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> outspoken whole foods ceo john mackey is no stranger to controversy. remember his 2009 "wall street journal" op-ed calling for obama care repeal. well, he's back at it. this time he said obama care is worse than socialism, it might even be fascism. let's welcom
Search Results 0 to 4 of about 5